BT Group today announces that Chief Executive Gavin Patterson will be stepping down later in the year and that the Board has commenced a search to identify his successor. The Board expects to have a successor in place during the second half of the year and until such time Gavin will continue to serve as Chief Executive.
Lloyds Banking Group will sell its remaining 97.7 million shares in Standard Life Aberdeen , representing 3.3 percent of the shares of the asset manager, Bank of America Merrill Lynch which is running the deal said on Thursday.